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The Education Ministry will work with the Federation of Thai Industries (FTI) in setting up an innovation fund for small and medium enterprises (SMEs), with the aim of creating at least 1,000 start-up SMEs with revenue exceeding Bt1 billion per year within five years.Kittipong Promwong, ...

Informal workers must have monetary deposits in a bank account to be eligible for the 3,500-baht financial relief available for a two-month period, says a Finance Ministry source.The sum of deposits required to be eligible for the financial relief is confidential at this time, according ...

For centuries, Thailand has played a pivotal role in Asia as a hub for transport and connectivity, both internally through the development of urban and rural networks, and externally by linking neighbouring countries. It is therefore not surprising that considerations concerning mobility should play such ...

The Cabinet on Tuesday approved measures proposed by the Office of the National Economics and Social Development Council (NESDC) to help alleviate the people’s financial burden during the latest Covid-19 outbreak, Prime Minister General Prayut Chan-o-cha announced after the meeting.“The Metropolitan Waterworks Authority and Provincial ...

The Labour Ministry is gathering a list of more than 58,000 available positions to help workers made jobless by the fresh Covid-19 outbreak.The ministry’s Department of Employment (DoE) will advertise 58,151 job positions from private firms and government agencies, said DoE director-general Suchat Pornchaiwiseskul on ...

Thai social security contributions are to be lowered from 5 to 3 per cent for three months from January following approval by the cabinet Tuesday.The unemployment benefit for those let go due to the impacts of the Covid-19 pandemic was increased from 50 per cent ...

Thailand’s tourism sector is asking the government for more soft loans, a repayment holiday on other credit, and a relief fund, to help stay afloat as business is devastated by the Covid-19 pandemic, a minister said Monday.Affected hotels are also asking for a 15-per-cent discount ...

Palm oil has long been a major economic backbone of Southeast Asian economies, notably Indonesia, Malaysia and Thailand. But the undeniable environmental impact of extensive deforestation, haze and forest fires caused by oil palm plantations has given the industry a bad reputation that has been ...

Cryptocurrencies’ total market capitalisation in Thailand soared to nearly 4 billion baht on Friday, or around 6% of the Stock Exchange of Thailand’s (SET) 2020 daily average trade, backed by the continuous price surges of bitcoin and other digital currencies.Bitcoin’s euphoric rally endured as it ...

Prime Minister Prayut Chan-o-cha on Tuesday pledged to support 40 million people who have been affected adversely by the new surge of Covid-19 infections.The authorities have implemented restrictions in many provinces that have been hit by the virus, which is impacting businesses and the daily ...